A Mississippi Exclusive License Agreement between Iowa State University Research Foundation, Inc. and emerge Interactive, Inc. is a legally binding contract that grants emerge Interactive, Inc. the exclusive rights to exploit intellectual property developed by or under the control of Iowa State University Research Foundation, Inc. in the state of Mississippi. This agreement guarantees emerge Interactive, Inc. the sole authority to commercialize, market, and distribute the licensed intellectual property in Mississippi, while Iowa State University Research Foundation, Inc. retains ownership and control over the said intellectual property. It empowers emerge Interactive, Inc. to develop innovative products, services, or technologies based on the licensed intellectual property, without competition from other entities in the state of Mississippi. This exclusive license agreement ensures that emerge Interactive, Inc. receives certain benefits and protections, including financial incentives and potential market advantage, by being the sole party authorized to exploit the licensed intellectual property within Mississippi. In return, emerge Interactive, Inc. agrees to fulfill various obligations, such as paying royalties or other predetermined fees to Iowa State University Research Foundation, Inc., providing progress reports, and actively promoting the licensed intellectual property. Different types of Mississippi Exclusive License Agreements between Iowa State University Research Foundation, Inc. and emerge Interactive, Inc. may exist depending on the specific intellectual property being licensed. These types could include agreements related to patented inventions, copyrighted works, trade secrets, or software technologies. Each agreement would outline the specific terms, conditions, and scope of exclusivity granted to emerge Interactive, Inc. Furthermore, the agreement may include provisions for dispute resolution, confidentiality, term and termination, sublicensing rights, and any other pertinent matters pertaining to the licensed intellectual property. Such agreements are crucial for fostering collaboration between academic institutions and commercial entities, ensuring the protection of intellectual property rights, and promoting innovation and economic growth.
Mississippi Exclusive License Agreement between Iowa State University Research Foundation, Inc. and eMerge Interactive, Inc.
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